Babylon Pump & Power (ASX:BPP) has refinanced its debt facilities with National Australia Bank (ASX:NAB), according to a Monday filing with the Australian bourse.

The refinancing replaces Babylon's existing AU$3 million revolving trade facilities with a new four-year term loan facility, offering a bank bill swap bid rate of over 1.45%, lower than the Company's current trade facilities, the filing said.

The loan, which will be reviewed annually, was secured by a charge over the rights, property, and undertakings of the borrowing entities, with guarantees from members of the Babylon Group, and is due to be fully repaid by 2029, the filing added.